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i've owned gm's as well. they never needed the money had they all got bailed out. i always thought they had a better brand and structure and better organizational company than gm. right, wrong or -- i could o be totally off base on this. that was the perception. i should pull the trigger on a day like today. but like i said, the soft spot continues. i'm still long for it. >> i'm long for it also. we bought more today. i think ford looks better at 11 and change than last week at ten and change. this quarter was great. a record quarter as the ceo mentioned. i think the u.s. has enough to carry europe through this soft spot. ford is a play on housing as housing picks up more ford pickup trucks. the setup -- >> i'm sure there are a lot of viewers thinking why does it look better -- we got results and we're very, very strong. was it so outside compared to what we knew last week that it justifies buying it 7% higher. >> great. when i said that, it was more on a technical plane. when it was getting up to 10.5 and falling off through 11 it looks like it dps higher. >> the
i've owned gm's as well. they never needed the money had they all got bailed out. i always thought they had a better brand and structure and better organizational company than gm. right, wrong or -- i could o be totally off base on this. that was the perception. i should pull the trigger on a day like today. but like i said, the soft spot continues. i'm still long for it. >> i'm long for it also. we bought more today. i think ford looks better at 11 and change than last week at ten and...
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Oct 31, 2012
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gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good quarter for us. and a challenging environment. being able to grow revenue, grow profits as you mentioned year-over-year. our margins are up slightly, strong cash flow. got some important launches away this quarter in terms of new vehicles into the market for cadillac and other of our brands. so good quarter overall, and we've made some progress on some of the tough issues in front of us including pensions and we're making reasonable progress in europe. >> and we'll talk about europe in a bit. but i want to ask you about revenue. nearly $2 billion better than
gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good...
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Nov 1, 2012
11/12
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows
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Nov 1, 2012
11/12
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the toledo blade. the most read story today in the blade. in this town where mitt romney is running his made-up story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo marchionne says they're not moving jobs to china that is big-time, hometown paper news and when you as a candidate lie to the hometown crowd about the hometown news you cannot expect that lie to float. and it is not floating. the "columbus dispatch fact check" says, "oh, boy."
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the toledo blade. the most read story today in the blade. in this town where mitt romney is running his made-up story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo...
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. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has benefited. neil: we can disagree on some fine points. thank you. very good. >> you have to agree that it is one of the real successes of this administration that they have turned this industry around . neil: i don't know about that. i don't know. the cost, or, for example, the way that bondholders were treated in the way that we redid contract law. >> everybody has to sacrifice. neil: not everyone did. not everyone did. well, we make history. i love you dearly, but we did redo a couple of things. it is very good having you austin. i appreciated. >> good to see you again. neil: in the meantime i want to sw
. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has...
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Nov 1, 2012
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in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> that's it? >> rose charges it was a simple political calculation a democratic president and his administration taking care of democratic ally organized neighbor. >> i believe in th
in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored...
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Oct 27, 2012
10/12
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romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i think that will be just fine, by the way. i want to hear from little chart industries, the company as an important recommendation, and key to our nation's attempt to harness natural gas. it's a huge cost control for the whole conversion. we'll be on it. kellogg is a trade and there was a time when kellogg was consistent, consistent, consistent. i think you want to own the stock going into the number and the company is taking off with restructuring, beginning to grow again. they are an antifiscal cliff stock if there ever were one. then chesapeake e
romney's camp indicated they will take gm immediately. they will sell that stock, so that's a pretty binary situation. you will get results from ralph lauren. will they be the next company that we thought was doing well and europe slowed? the stock went down 13 points, but that won't be enough. anything negative at all on the call, ralph lauren trades hard, up and down on very little volume. please be careful. there are huge numbers reporting, companies reporting on thursday, including exxon. i...
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Nov 1, 2012
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gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some areas likely to be without -- some of you in t
gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that...
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Oct 31, 2012
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gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant, about 35 minutes from north toledo where a state-of-the-art facility was built about a decade ago with the support of a republican governor across northwest ohio and thousands and thousands of jobs were saved because of it. let me remind you, i know you know this, general motors and fiat which owns a share of chrysler which produces the iconic brand jeep are publicly traded corporations. with lives of workers at risk. and you are greeted by a television kwhescommercial suggg your job is about to be shipped to china. mitt romney knows it's not true and if he d
gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant,...
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Nov 2, 2012
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it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called out on it. we have fact checkers and we have a great one here. i think everybody in the media is working especially in the final days to figure out what's true and what isn't. that's the reason ffs a significant risk. >> let me play what governor romney has said, david. i want to get your response. essaying don't look at the ads but the record. le met play what he said. >> look beyond the speeches and the attacks and the ads. look to the records toshgts accomplishments and the failures and judgments. word are cheap. >> the concern, at least i know for some democrats, is that this message of, hey, there
it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called...
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Oct 30, 2012
10/12
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obama took gm and chrysler into bankruptcy. d sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in tir ads. a couple things, the president still not campaigning on the campaign trail tomorrow, instead he will tour new jersey with governor christie tomorrow. mitt romney, is resuming a full campaign schedule tomorrow. he'll be in the battleground state of florida. >> thanks, chuck. >>> when we come back, back to our storm coverage, specifically, a moment of crisis for a big hospital that included a lot of newborns who needed to move quickly. [ dennis ] it only took two minutes for this town to be destroyed. to a little girl who lived through it, this is more than a teddy be
obama took gm and chrysler into bankruptcy. d sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in tir ads. a couple things, the...
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jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive signs out there, especially in pennsylvania, minnesota and michigan. three states that have been considered solidly democratic, but where the obama campaign is now suddenly playing defense, spending more than $1 million on tv ads for the final week. diane? >> also on the campaign trail, jonathan karl. thank you, jon. >>> and coming up here next, flammable gas leaking and it's not just a danger in the storm zone. look. our experiment tonight on this invisible threat. hi, i just switched jobs, and i want to roll over my old 401(k) into a fidelity ira. man: okay, no problem. it's easy to get started; i can he
jeeps in china. >> reporter: chrysler and gm angrily denied they are shifting u.s. production to china. and joe biden accused romney of lying and causing panic among autoworkers in ohio. >> thousands of them are calling their uaw reps, "is it true, is it true? is jeep really going to leave? is the announcement they made not true? are they going to shut down our plant?" what a cynical, cynical thing to do. >> reporter: but the romney campaign does see some positive...
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Nov 2, 2012
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gm says half of t dealershipsn new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but theyhihink actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's dianesta broke tant in chicago >> susie: tom, it was a good day for the markets today. on reporting tonight from the nasdaq th t is closed above the $3-- 3,000 level, best performance in five weeks and downtown at the new york stock exchange heavy volume, most of the dow componentin the green today so a much more nesitive mood in the marks.ma >> tom: much more sitive, much mo, constructionive. technology which had been a laggard, nasdaq, certainly knows this where you are at tonight t was one of the leaders today with the broad-based rally. let's get everybody
gm says half of t dealershipsn new jersey are without power. some analysts who i talked to said they expect november sales to be down. who knows by how much. but theyhihink actually some of those sales may be made up in december. and actually when you think about it, if there were people who weren't planning to buy a car but lost a car in the floods, they could end up making, having better sales than they had anticipated. >> sounds like a delayed sales as opposed to destroyed sales. it's...
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Oct 31, 2012
10/12
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FBC
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nobody expected a 10% gain for gm because of the resolution of the $29 billion in pension costs they have. >> right, we're talking about gm and ford, both clear winners, obviously, and ford now, up 8.3%. both beat the streak. tomorrow, auto sales. liz: i know i mentioned netflix, but we have to show the move because this stock, during the year, was $133, and plummeted to an annual low of 52. look now, $79 all because the name carl icon attached to it. gl that's right. you know, liz, he's a game changer for the companies, getting a full stake in there and makes a lot of changes. a lot of clapping, the employees who helped to keep this place alive are ringing the closing bell.
nobody expected a 10% gain for gm because of the resolution of the $29 billion in pension costs they have. >> right, we're talking about gm and ford, both clear winners, obviously, and ford now, up 8.3%. both beat the streak. tomorrow, auto sales. liz: i know i mentioned netflix, but we have to show the move because this stock, during the year, was $133, and plummeted to an annual low of 52. look now, $79 all because the name carl icon attached to it. gl that's right. you know, liz, he's...
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Nov 1, 2012
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president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with us. >> joining me now, msnbc's joy reid and robert reich, former clinton labor secretary, university of california at berkeley economics professor, and author of "beyond outrage." joy reid, do you know florida? has no one told jeb bush this thing about his brother's lack of popularity with the american public? >> poor jeb keeps trying. he tried it at the convention too. he just tries to slip george in there every so often. >> you can't blame a brother, though. >> he loves his brother. you know, he keeps trying to get him back on the stage, and republicans
president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with...
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Nov 1, 2012
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for all those reasons, gm. >>> am coulding up in the next hour on "mad money." cramer's exclusive with ceo. he's helping you stay diversified all coming up at the top of the hour. >>> the long lines at gas stations on the east coast are a stark reminder of our dependence on gasoline. stick around, mad money is coming up next 37 i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-
for all those reasons, gm. >>> am coulding up in the next hour on "mad money." cramer's exclusive with ceo. he's helping you stay diversified all coming up at the top of the hour. >>> the long lines at gas stations on the east coast are a stark reminder of our dependence on gasoline. stick around, mad money is coming up next 37 i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a...
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Oct 31, 2012
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both chrysler and gm are firing back at romney. chrysler ceo said in a statement jeep assembly lines will remain in operation in the united states and will con sstitute th backbone of the grand. it is inaccurate to suggest anything different. a gm spokesman told the detroit news, quote, we've clearly enter ed some parallel universe during the last few days, no amount of campaign politics at its cynical worst will diminish the record of creating jobs in the united states. remember, this new romney jeep ad claims that all factual statements in it, the implication is different, but the statements themselves say jeep is being built in china, which the ad says for the implication, of course, is this idea that they're moving some operations out of ohio to china and that's what both gm and chrysler are fighting back on is that perception. ohio papers pummeling romney for the ad. they called it a ploy in an editorial yesterday and said romney is flailing in ohio. and don't forget that detroit, where the free press is heavily criticized rom
both chrysler and gm are firing back at romney. chrysler ceo said in a statement jeep assembly lines will remain in operation in the united states and will con sstitute th backbone of the grand. it is inaccurate to suggest anything different. a gm spokesman told the detroit news, quote, we've clearly enter ed some parallel universe during the last few days, no amount of campaign politics at its cynical worst will diminish the record of creating jobs in the united states. remember, this new...
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Oct 31, 2012
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romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. you're watching "squawk on the street" live from the financial capital of the world. opening bell set to ring in a little less than two mississinu. the man on
romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what...
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Oct 31, 2012
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with this heavy pushback of gm and chrysler do you think that the romney campaign anticipated this at all and why continue to defend the ad and not pull it down? >> i have no idea whether they anticipated to get this kind of pushback. but as we wrote and you just mentioned, the body language to have to resort to this sort of ad looks to be a game changer. if you are up in the tracking you don't run an ad like that. trying to really change the conversation. trying to muddy the waters. that's something you typically do when you're behind. the romney campaign insists to me we feel like we're in a very good position in ohio. we're within striking distance but the polls show president obama with a five-point lead. some had it smaller. >> quickly, they say the economy is improving and according to the polls most give president obama a credit for. >> we're actually seeing that people voting for president obama supporting him in polls optimistic and bullish on the state of the economy. if you're a romney voter or you're leaning towards romney in the polls probably have the opposite view. that
with this heavy pushback of gm and chrysler do you think that the romney campaign anticipated this at all and why continue to defend the ad and not pull it down? >> i have no idea whether they anticipated to get this kind of pushback. but as we wrote and you just mentioned, the body language to have to resort to this sort of ad looks to be a game changer. if you are up in the tracking you don't run an ad like that. trying to really change the conversation. trying to muddy the waters....
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Oct 29, 2012
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i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not only are they not moving jobs to china, in fact, the company has nuns announced plans to hire an additional 12,000 workers in detroit. that will contradict what you say are concerns about auto workers? >> i don't see it as a contradiction at all. i think it is a testament to american ingeneral new at this time that people move forward to manufacture in this country. epa and government regulators are making it more and more difficult every single day. this is what we hear from so many of our manufacturers, large and small. >> let me really quickly play for you a clip that the president
i do have gm and nissan and toyota with bodine motors. everybody talks about this. it is the out-of-control regulation, the difficulty we have with trade issues right now. that's why mitt romney has laid out a plan to create 12 million american jobs making america more business-friendly and reducing this regulation. >> and yet, the numbers, the at least from chrysler, they felt so compelled about what mitt romney was saying on the campaign trail that they issued a statement to say, not...
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Oct 29, 2012
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obama took gm and chrysler into bankruptcy and sold chrysler into china aen the italians. >> that ad is drawing an awful lot of heat that chrysler is outsourcing its jeep production into china. they say they have no intention of shifting american production overseas but there are talks of putting a jeep assembly plant in china to serve the growing demand, not to close one here in the united states in order to make way for the one in china. for the first time in 40 years iowa's largest new hampshire endorsing a republican. they cited his flesh economic vision. although they supported president obama in 2008, they're saying romney is more likely to work across the aisle. the paper asked which candidates could forge the compromise. when it's asked like that, mitt romney is the one they believe. romney has made rebuilding the economy his number one campaign priority and rightly so. that's from the des moines register. obama deputy campaign manager stephanie cutter dismissed the endorsement yesterday morning. >>> it was a little surprising to read that editorial because it didn't seem to
obama took gm and chrysler into bankruptcy and sold chrysler into china aen the italians. >> that ad is drawing an awful lot of heat that chrysler is outsourcing its jeep production into china. they say they have no intention of shifting american production overseas but there are talks of putting a jeep assembly plant in china to serve the growing demand, not to close one here in the united states in order to make way for the one in china. for the first time in 40 years iowa's largest new...
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he's supported by lee aiko can and gm. he sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >>> i'm mitt romney and i approved this message. >> mitt romney did actually say he'd let detroit go bankrupt and he opposed the bailout and said if we did it it you could kiss the automotive industry good-bye and that didn't really work out. when they endorsed him, they said in spite of him screwing up so badly. the point where they say barack obama sold gm to italians who are going to build jooirps in china. this appears to be a spin on this ad from ohio last week. >> i saw a store today, one of the great manufacturers in this state, jeep. now owned by the italians, thinking of moving all production to china. i will fight for every good job in america and i'm going to fight to make sure trade is fair and if it's fair america will win. >> that line about jeep moving american jobs to china? moving all production to china? that is not true. chrysler is not moving its produ
he's supported by lee aiko can and gm. he sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >>> i'm mitt romney and i approved this message. >> mitt romney did actually say he'd let detroit go bankrupt and he opposed the bailout and said if we did it it you could kiss the automotive industry good-bye and that didn't really work out. when they endorsed him, they said in spite of him screwing up so badly. the point where...
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Oct 31, 2012
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under president obama gm cut 15,000 american jobs. but they are planning to double the number of cars built in china, which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. >> this radio spot is even more dishonest than the tv ad. not only does it double down on the jeep lie, but it suggests the auto loan didn't save the auto industry. general motors responded to the ad today saying "at this stage, we're looking at a hubble telescope-length distances between campaign ads and reality. gm's creating jobs in the united states and repateuating profits back to this country should be a source of bipartisan pride." these ads had jeep employees scared about losing their jobs. so chrysler's ceo felt the need to set the record straight. he pointed out mitt romney's lie for the second time. in an e-mail to employees, he wrote "jeep assembly lines will remain in operation in the united states and will constitute the backbone of the brand. it is inaccurate to suggest anything
under president obama gm cut 15,000 american jobs. but they are planning to double the number of cars built in china, which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. >> this radio spot is even more dishonest than the tv ad. not only does it double down on the jeep lie, but it suggests the auto loan didn't save the auto industry. general motors responded to the ad today saying "at this stage, we're looking...
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yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even though it was in the supreme court this year, and obama did. there are still important issues where they will not tell the truth or give any answer at all. >> and i -- he's not trying to trick the jeep workers in toledo who know the truth. >> right. >> he's trying to get other people in ohio who don't have someone at the kitchen table who can tell them exactly how it works at chrysler. >> yeah, this is sort of like targeting messaging for low-information voters. i mean to your point. >> and doing it at the last minute. >> the last minute. it's harder to rebut. and one other p
yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even...